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Continued Rent Growth Across the Globe

U.S. coastal logistics hubs continue to experience exceptional year-over-year prime rent growth, with Seattle, Wash., posting the strongest rent increase among hub markets globally, at 16.9%. In total, the U.S. is home to five of the 10 fastest-growing markets.

Among the world’s most-expensive markets, land-constrained hubs command a premium for logistics space, led by Hong Kong, at $32.40 per sq. ft. per annum. While growth in EMEA trailed the other two regions, there is still positive overall growth and a strong forecast for the remainder of 2017. E-commerce is undoubtedly impacting the demand for space, which is driving rent appreciation.